Search For "economic crisis"
Pakistani rupee, stocks continue downward trend, experts blame country's p
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 21 (ANI): With the rupee hitting a record low level, losses at the Pakistan Stock Exchange (PSX), high inflation and low forex reserves of the country recently, experts in Pakistan believe that the delay in the loan facility from IMF and domestic political upheaval
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Asia Cup to be held in UAE, confirms BCCI president Sourav Ganguly
Updated : 3 years, 8 months ago IST
Asia Cup 2022 was supposed to be held in Sri Lanka but due to the ongoing economic crisis, the event has been shifted to UAE.
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Pak: Business community warns of Sri Lanka-like crisis as rupee in freefal
Updated : 3 years, 8 months ago IST
Karachi [Pakistan], July 21 (ANI): As the dollar touched an all-time high of 224.92 against the Pakistani rupee, the business community gathered at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to analyse the looming threat of a Sri Lanka-like economic emergency.
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Ranil Wickremesinghe sworn in as President of Sri Lanka
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 21 (ANI): Ranil Wickremesinghe was sworn in as Sri Lankan President at the country's parliament on Thursday.
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Sri Lanka made 'dumb bets' on Chinese investment: CIA chief
Updated : 3 years, 8 months ago IST
Washington [US], July 21 (ANI): The Central Intelligence Agency (CIA) chief has held China responsible for Sri Lanka's economic collapse, saying Colombo's "dumb bets" on high-debt Chinese investment have led to the catastrophic outcomes.
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Sri Lanka: UN experts sound alarm on economic crisis
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 21 (ANI): Greater support must be given to Sri Lanka as the country faces economic crisis and political turmoil, a group of UN human rights experts stated in an appeal to the international community.
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China's debt trap diplomacy responsible for economic calamity in Sri Lanka
Updated : 3 years, 8 months ago IST
Washington [US], July 20 (ANI): China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation to take better steps to restructure its debts in dialogue with the IMF.
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Ranil Wickremesinghe to be sworn in as Sri Lanka's new President tomorrow
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 20 (ANI): Ranil Wickremesinghe will take oath as the President of Sri Lanka at the parliament complex on Thursday after his victory in a parliament vote to choose a new president for the South Asian country.
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Sri Lanka: Protesters gather outside Presidential Secretariat after Wickre
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 20 (ANI): Dozens of protesters gathered outside the Presidential Secretariat in Colombo on Wednesday after Ranil Wickremesinghe was elected as Sri Lanka's President.
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Imran Khan-led PTI slams Sharif govt for economic crisis in Pakistan
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 20 (ANI): Imran Khan-led Pakistan Tehreek-i-Insaf (PTI) on Wednesday criticised the Shehbaz Sharif government for the free fall of the Pakistani Rupee against the US dollar and the worsening economic crisis in the country.
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Sri Lanka in very difficult situation, big challenges ahead: Newly elected
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 20 (ANI): Ranil Wickremesinghe who was on Wednesday elected as Sri Lanka's new President said that he was "in a very difficult situation" and that he faces "big challenges ahead" to lead the country out of the dire economic crisis.
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Ranil Wickremesinghe wins Presidential polls in Sri Lanka, succeeds Gotaba
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 20 (ANI): Sri Lanka's Acting President Ranil Wickremesinghe won the Presidential election on Wednesday amid the ongoing economic turmoil in the island nation.
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